Marketplace Morning Report

By Marketplace

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Subscribers: 1430
Reviews: 2

tanner
 May 29, 2020
I love this program so much, great reporting

John
 Oct 1, 2019
Doesn't post early enough to be useful. Usually half the cast is not news.

Description

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London. 

Episode Date
It turns out Wall Street titans and WhatsApp do not mix
00:06:47

Heavy hitters on Wall Street admitted to record-keeping violations and now face billions in fines. Susan Schmidt of Exchange Capital Resources discusses the British bond market with us. We tackle the question of whether colleges should be responsible for parts of student debt.

Sep 28, 2022
A part of Medicare for seniors actually gets … cheaper?
00:07:40

We try to explain why some Medicare premiums are actually going down. Explosions on the Nord Stream pipeline have some suspecting sabotage. We check in on the state of the SNAP program as the White House talks hunger and nutrition today.

Sep 28, 2022
IMF warns U.K. over its economic future
00:06:31

From the BBC World Service: In a move usually directed towards emerging and developing markets, the International Monetary Fund has openly criticized the British government’s tax strategy unveiled on Friday. Since then, sterling has plummeted and the cost of borrowing increased, but the Treasury insists on going ahead with the plan. And in Germany there’s been muffled reactions to what is now thought to be an act of sabotage on the Nord Stream pipelines in the Baltic Sea.

Sep 28, 2022
Home prices take a step down. What could that mean for rents?
00:06:54

Today’s Case-Shiller national home price index shows a decline in home prices from June into July. Fed leaders get up front about their message about raising interest rates. After the British pound’s not-so-great day, we check in with the BBC’s Victoria Craig.

Sep 27, 2022
The Dow has now entered the bear market chat
00:07:43

The Dow Jones Industrial Average dropped more than 1 percent, which puts it in bear territory with other big indexes. In the home buying world, more people appear to be backing out of deals. And in Georgia, embryos can be claimed as dependents.

Sep 27, 2022
British pound remains in a stable condition
00:07:48

From the BBC World Service: The Bank of England will face questions on its response to yesterday’s decline in the value of sterling. The pound came back slightly after reaching record lows on Monday. And Apple CEO Tim Cook speaks to the BBC’s Zoe Kleinman about the lack of women in the tech sector – he’s at a forum dedicated to getting more women into the industry.

Sep 27, 2022
The British pound has had a day
00:06:52

Doubts about Britain’s fiscal policy hang over the fall of its currency, the pound. On the side of the U.S., markets experienced a bit of a turnaround after a rugged week. Then, we check in on how the world of social media is trying to catch up to TikTok.

Sep 26, 2022
Crash of British pound sends waves through the markets
00:07:44

The British government unveils a tax cut plan as its currency drops in value. We then look into what happens when you send hundreds of millions of dollars to the wrong people by accident.

Sep 26, 2022
The British pound plunges towards parity against the dollar
00:07:29

From the BBC World Service: Sterling bottoms out at a low not seen since the U.S. dollar was created 230 years ago. The markets saw a continued sell off of the British currency after huge tax cuts were unveiled by the U.K. treasury last week. And in Italy, Giorgia Meloni seals victory for the far right after touting tax cuts, immigration restrictions and Euroskeptic economic reforms.

Sep 26, 2022
Labor Department calculates about $45 billion in pandemic unemployment fraud
00:06:43

The Labor Department also notes what kind of fraud, and where. The SEC has charged Boeing with misleading investors after two deadly crashes. The worlds of commercial and residential construction carry differing experiences within the economy.

Sep 23, 2022
Boeing set to pay a heavy price
00:07:53

The SEC has charged Boeing and its ex-CEO for misleading investors in the wake of two deadly crashes. The Fed paints a harsher unemployment picture. Puerto Rico’s water system is reeling in the wake of Hurricane Fiona.

Sep 23, 2022
Russian men are fleeing the country
00:06:43

From the BBC World Service: After President Vladimir Putin announces mobilization of hundreds of thousands of reservists, Serbia experiences an influx of Russians hoping to avoid the war in Ukraine. U.K. Chancellor Kwasi Kwarteng slashes taxes for high earners in a “mini-budget” the government says will boost growth. And is Italy lurching to the right? The BBC’s Mark Lowen travels to Sicily ahead of elections on Sunday.

Sep 23, 2022
Congress squares off with bank leaders
00:07:32

Executives from the nation’s largest banks are testifying before the Senate. We look at how the state of the housing market affects the home-flipping industry. The BBC checks out the effects of China’s zero-COVID approach on its economy.

Sep 22, 2022
The Fed’s head issues a warning
00:07:46

We check in on the Federal Reserve following the interest rate rise. Melinda Gates tells us the world needs to check itself when it comes to some big goals.

Sep 22, 2022
Japan sells dollars to buy yen
00:06:27

From the BBC World Service: The Japanese government is snapping up its own currency for the first time in decades in a bid to stop the yen tumbling past 24-year lows. Elsewhere in Japan, Honda says it will continue to restrict production into a second month in October as it struggles with supply chain issues. And Beijing’s ongoing zero-COVID strategy comes up against local resistance in China.

Sep 22, 2022
Awaiting the rise of the interest rates
00:07:39

The Fed announces its plan for interest rates today, and it’s widely expected to raise them. We discuss many things inflation with David Kelly of J.P. Morgan. Oil and gas prices spiked this morning on the heels of Vladimir Putin’s announcement to mobilize reservists for the war in Ukraine.

Sep 21, 2022
When it comes to fighting inflation, the Fed sets the tone for the rest of the world
00:07:39

The Federal Reserve is set to announce its latest move on interest rates today. While inflation is a global problem, we look at how the Fed ends up determining how the world fights it. An attorney helps us dive into the machinations surrounding the Justice Department’s antitrust lawsuit against Google.

Sep 21, 2022
Europe’s competition chief says “energy crisis is accelerating the green transition”
00:07:54

From the BBC World Service: Margrethe Vestager, one of the European Commissioner’s executive vice presidents and its competition commissioner, says funding alternative technologies is a crucial element in the transition away from Russian energy supplies. Plus, Germany reaches a deal to nationalize one of its gas giants. Uniper has been struggling after Russia significantly curtailed gas supplies to Europe in response to Western sanctions over its war in Ukraine.

Sep 21, 2022
The world’s central banks are also raising interest rates. Here’s why that could be bad.
00:07:48

How much is too much when it comes to fighting inflation? As central banks across the globe raise interest rates, there’s concern that all that raising could make things worse. The U.N. holds its first full in-person meeting of world leaders in years. We explore how supply chain issues have cooled off hot chicken businesses in Nashville.

Sep 20, 2022
Russia restricts gas flow – this time to China
00:08:02

From the BBC World Service: Gazprom, Russia’s state-owned energy company, is temporarily shutting down a pipeline to China. In Indonesia, a new digital privacy law could see huge fines and prison time for offenders. And, the European Commission’s competition watchdog, Margaret Vestager, talks to Marketplace about the future of Big Tech.

Sep 20, 2022
The fight against inflation is affecting the housing sector
00:08:01

The housing market remains a rough place for both buyers and sellers under the cloud of inflation … and also rising interest rates. An expert helps explain how gerrymandering can actually impact credit.

Sep 20, 2022
Prepare for even higher interest rates
00:07:57

The Fed will most likely raise interest rates during its two-day meeting, which begins tomorrow. Here to discuss that with us is Julia Coronado of MacroPolicy Perspectives. The BBC checks in with news from the Queen’s funeral in London. A hurricane has once again left much of Puerto Rico without power.

Sep 19, 2022
This week could change the trajectory of the U.S. economy
00:07:40

The Fed is about to begin its two-day meeting on interest rates. More scrutiny awaits the somewhat chaotic “buy now, pay later” landscape. What does it mean to have “anti-racist” layoffs?

Sep 19, 2022
Huge crowds travel to Queen Elizabeth II’s funeral in London
00:07:59

From the BBC World Service: King Charles III has declared Monday a public holiday in the U.K. That means many businesses up and down the country have closed as a mark of respect to the late queen. But the decision wasn’t black and white … some flights have been cancelled at London Heathrow Airport and transport services are expecting large crowds. Plus, as thousands laid floral tributes, how have flower sellers managed the demand?

Sep 19, 2022
FedEx has a warning for the world. Here’s what that says about the economy.
00:07:18

The global shipping giant has seen a drop-off in shipping volume, which could be an indicator of coming economic challenges. We also turn to Christopher Low of FHN Financial for additional insight. Then, we look into the logistical impasse that faces the concept of prescribed burns.

Sep 16, 2022
The buzz about members of Congress trading stocks has gotten louder
00:08:31

We speak to a New York Times reporter about stock trades and conflicts of interest in Congress. Signs from shipping giant FedEx are pointing to some economic challenges ahead.

Sep 16, 2022
Eurozone inflation hits another record high
00:10:05

From the BBC World Service: Consumer prices rose 9.1% last month from a year ago according to the E.U. statistics agency. To help consumers deal with the rising cost of living, Spain is now offering free rail travel for commuters. A strike by French air traffic controllers is causing hundreds of European flight cancellations. The British pound has plunged to a fresh 37 year low against the U.S. dollar.

 

Sep 16, 2022
Meet the “Gerry” who haunts our political system
00:08:30

First, there’s news that retail sales rose in August, which kicks off our conversation with Diane Swonk of KPMG. Elsewhere, it turns out high interest rates aren’t as bad for the markets as one may think. Then, we dive into the concept and some of the origin story of gerrymandering as part of our Econ Extra Credit series.

Sep 15, 2022
Freight railroads, unions dodge strike with tentative labor deal
00:07:46

A rail strike that could have crunched the supply chain and damaged the economy has been averted mere hours before a deadline. The Biden administration plans to invest billions to battle greenhouse gas emissions. Sides are dueling on a plan to bury power lines in California.

Sep 15, 2022
President Xi to meet President Putin
00:07:15

From the BBC World Service: As President Putin suffers setbacks in his war in Ukraine, he heads to central Asia for an in-person meeting with China’s president, Xi Jinping. The UK is considering removing the cap on bankers’ bonuses. A Pakistan and United Nations appeal for funding to help flood victims has raised just a quarter of its $160m goal. People in Lebanon have been holding up banks to get access to their own cash.

Sep 15, 2022
Twitter shareholders said “yes” to Elon Musk. This makes things a little weird.
00:07:31

First, Jeffery Cleveland joins us to discuss the recovering markets and inflation. We examine a snapshot of supplemental poverty data. Erik Gordon from the University of Michigan explains the significance of Twitter shareholders voting in favor of Elon Musk’s takeover bid.

Sep 14, 2022
Following a painful day, Wall Street shows signs of recovery
00:07:34

The markets of the world recover from Tuesday’s inflation data. Gas prices are dropping, but prices for other things are high – we try to explain why. Lynn Malerba’s ascension to U.S. Treasurer carries special weight for Native communities.

Sep 14, 2022
European Commission president pledges sanctions on Russia are “here to stay”
00:09:17

From the BBC World Service: Delivering her annual state of the union address, Ursula von der Leyen said the Kremlin had put Russia on the path to oblivion. But the war in Ukraine has contributed to many economic challenges across Europe, with the European Commission president outlining proposals to deal with its impact on energy prices and supply. Plus, following the death of Queen Elizabeth II, Jamaica faces growing calls to remove the monarch as head of state.

Sep 14, 2022
The pain of inflation remains ever-present
00:06:58

The August consumer price index showed a drop in inflation … just not as much as many would have liked. Susan Schmidt joins us to discuss the general reaction to the data. Twitter’s former cybersecurity chief testifies before the Senate. China’s strict lockdowns are leading to local food shortages.

Sep 13, 2022
Long-haul COVID symptoms drain the workforce
00:07:56

First, a report illustrates some of the struggles small businesses are still facing. As a rail strike looms, we look at the role the rail system plays in shipping. At least 500,000 people have had to leave the labor force because of struggles with long-haul COVID symptoms, according to a Stanford and MIT study.

Sep 13, 2022
COVID lockdowns see Chinese towns and cities facing severe food shortages
00:07:29

From the BBC World Service: About 60 million people have been locked down across China since the beginning of August as the Beijing government continues its strict zero-COVID strategy. Plus, the European Commission prepares to announce measures to help its 27 member countries move away from using Russian energy sources. And, with worries the economic costs of supporting Ukraine might be too much for some NATO allies, Ukrainian President Zelenskyy calls for greater co-operation and more arms support.

Sep 13, 2022
How used cars could spark optimism about inflation
00:07:39

There’s a sense among forecasters that inflated eased up last month, which should show in the upcoming consumer price index. Julia Coronado discusses that with us to open up the week. The Fed’s Beige Book offers a snapshot on demand for business loans. The BBC’s Victoria Craig helps us check in on the British economy in the wake of Queen Elizabeth II’s passing.

Sep 12, 2022
Ukraine is restoring power supply, but critical infrastructure is badly damaged
00:07:34

From the BBC World Service: Ukraine’s president, Volodymyr Zelensky, has accused Russia of attacking civilian infrastructure, resulting in widespread blackouts in the Kharkiv and Donetsk regions. There are concerns for how prepared the regions are for the upcoming winter. Plus, British economic growth slowed in July and another public holiday for the Queen’s funeral next week could dampen growth this month.

Sep 12, 2022
What does being an “elite” college really mean?
00:07:44

Many people lean on the U.S. News list of best colleges and universities to help make their school choice, but what goes into those rankings? Major credit card companies are going to start keeping track of gun store purchases. We check in on a Texas ruling that deals with employers, religious liberty, and HIV medication.

Sep 12, 2022
Europe readies for a winter with less Russian energy
00:07:43

Russia has cut down its gas exports to Europe, leaving officials to figure out a solution as winter crawls closer. We get a less than promising update on the U.S. grain crop. Christopher Low of FHN Financial discusses why American consumers are borrowing more.

Sep 09, 2022
Let’s cut through the noise around “quiet quitting”
00:08:09

First, the BBC checks in as Britain and the world reflect on the life of Queen Elizabeth II. Then, we speak to an author about the rise of “quiet quitting” and its place in workplace culture.

Sep 09, 2022
The world joins the U.K. in mourning the death of Queen Elizabeth II
00:08:10

From the BBC World Service: The United Kingdom and the world is remembering the life of Queen Elizabeth II, who has died. Her reign of 70 years was the longest in British history and she witnessed enormous political changes, including the development of the Commonwealth. In the U.K., a period of royal mourning will be observed until seven days after the Queen’s funeral and many sports events and businesses are also changing their plans for the coming days.

Sep 09, 2022
The connection between the Fed and the world
00:09:17

The European Central Bank and the Federal Reserve are fighting the same battle against inflation. Diane Swonk of KPMG helps us explore the link between the Fed and global economy. In the U.S., the West is generally holding up against an onslaught of heat, but we look into how power grids can generally hold up against the effects of climate change. Schools have money and a chance to catch students up on learning lost during the pandemic, but is it enough?

Sep 08, 2022
Some of the world’s biggest companies are gorging on debt
00:08:00

We take a quick look into the reasons companies like Walmart and McDonald’s have been issuing billions in bonds. A reporter from The New Yorker stops by to discuss her story about how a nursing home’s quality of care went downhill after a private equity firm purchased the place.

Sep 08, 2022
How high will the ECB hike interest rates?
00:08:27

From the BBC World Service: How high will the European Central Bank hike interest rates to tackle soaring prices? The Australian parliament in Canberra has passed the country’s first major climate bill in more than a decade, setting legally binding targets to further curb emissions. In Nigeria there’s concern that Lagos could become unlivable earlier than previously predicted. Climate change experts in the country’s economic hub say that’s due to rising sea levels and sinking land.

Sep 08, 2022
Juul e-cigarettes could be targeting a more mature audience
00:07:26

No more people under the age of 35 in Juul ads, social media or product placement – it’s all a part of massive tentative settlement for the e-cigarette maker. Susan Schmidt of Exchange Capital Resources drops some market insight for us. There’s a different side of the supply chain saga – retailers are now dealing with too much stuff.

Sep 07, 2022
Last time oil prices were this low, Russia hadn’t yet invaded Ukraine
00:07:43

Oil prices are now at a seven-month low, and a lot has happened in those seven months. Plus, Californians have been asked not to charge EVs during peak hours. And, what’s the “joint employer” rule? Something that helps tip labor regulations back toward workers.

Sep 07, 2022
Vladimir Putin wants to limit agricultural exports from Ukraine
00:07:03

From the BBC World Service: Russia and the West have already faced off on energy supplies, now Putin alleges grain exports from Ukraine are not going to the world’s poorest countries. Plus, how India’s silicon valley has been pounded by the heaviest rains in decades with power cuts and worries of further disruptions.

Sep 07, 2022
It’s back-to-school shopping season, inflation edition
00:09:39

First, where markets are starting out after the Labor Day holiday, on the heels of several consecutive down weeks for stocks. Michael Schumacher of Wells Fargo Securities discusses how money is shifting in various ways. Plus, back-to-school shopping is not immune from inflation. And, Marketplace’s China correspondent Jennifer Pak checks in regarding the state and impact of the country’s COVID lockdowns.

Sep 06, 2022
Heat puts Western power grid to the test
00:08:17

A blistering heatwave is expected to strain California’s power grid. There was supposed to be a water conservation plan for the Colorado River by now, but it hasn’t happened yet. We try to follow where money goes when Texas puts migrants on buses to sanctuary cities.

Sep 06, 2022